Senior Manager: Financial Institutions at Bidvest Bank

Your day at Bidvest Bank will involve:

Client Centricity

• Deliver superior customer service to both internal and external customers e.g. Local/Foreign Correspondent Banks, Counterparties and Financial Institutions.
• Act as the centre point for escalations to and from our Correspondent Banks, Counterparties and Financial Institutions.
• Implement controls and manage these to ensure appropriate service levels agreements are met for all clients.
• Proactively initiate client meetings as appropriate and follow up on business opportunities and client queries with the relevant product areas.
• Obtain credit limits for Trade Finance and Treasury business to support liquidity and trading operations of the Group.
• Map out new clients / product opportunities and engage closely with all areas/stakeholders where applicable, to initiate new business.
• Prepare relevant stakeholder proposals and term sheets.
• Coordinate and lead internal stakeholders to ensure that the strategy and revenue targets are met.

Risk and Governance

• In collaboration with compliance colleagues, ensure all KYC/CDD documentation and SSI information is obtained and in place timeously.
• Ensure legal documentation (e.g. ISDA/CSA/GMRA) is in place to allow our product partners to trade.
• Review the processes and procedures pertaining to Correspondent Banks, Counterparties and FI’s. Recommend changes and update in accordance with the latest industry requirements and regulations.
• Streamline and automate processes for efficiency and effectiveness.
• Monitor and understand our Correspondent Banks competitors and behaviour to ensure we are using the correct Correspondent Banks
• Act as coordinator on requests from Correspondent Banks and Financial Institutions regarding AML/Sanction queries
• Ensure all AML/KYC and RFI requests from our Correspondent Banks, Counterparties and FI’s have been actioned timeously.
• Adherence to relevant legislation in accordance the role, keeping abreast of industry changes.
• Maintain a sustainable balance between protecting the Bank’s interests and maximizing new business growth.
• In collaboration with the Payments & Settlements team, to be responsible for the financial control, resolution and tracking of relevant items on settlement and suspense accounts.
• Identify key risks in the FI area and implement controls to measure, monitor, and mitigate these risks.

Financial Management

• Management of costs within target.
• Continuous management and monitoring of revenue from all FI products, Correspondent Bank and Counterparty activity.
• Manage and monitor revenue leakage, ensuring adequate control measures are in place for revenue in all areas of operations.
• Affect revenue recoveries and limit controllable costs.
• Perform financial analysis, forecasting, and reporting as it relates to FI products.
• Continued analysis of the market for new FI products in alignment to client needs and identify opportunities for revenue growth.
• Maximise bank profitability using data e.g. Client profitability, Product profitability, cross sell, and transactional pricing/ volume analysis

People Management

• Monitoring and managing the deliverables, output, and performance of subordinates.
• Effective communication of the strategy and progress of the business to the team
• Contribute to continuous process improvement and share best practices.
• Management of employee performance and disciplinary issues in the workplace
• Ensure employees are continuously trained and developed to perform competently.
• Drive and implement talent and succession within the team

The ideal Senior Manager: Financial Institutions will be in possession of:

• Honour Degree: Financial Management/ Banking/Accounting or related
• At least 10 years' experience in International Payments and Financial Institutions roles.
• At least 5 years' experience in a management role